首页
登录
职称英语
To finance the national debt, the government issues a variety of debt securi
To finance the national debt, the government issues a variety of debt securi
游客
2025-06-19
48
管理
问题
To finance the national debt, the government issues a variety of debt securities. The most widely held liquid security is the Treasury bill, which is commonly issued by the ministry of finance. However, some Treasury bills, like the Treasury bill of the U. S. government, do not actually pay interest. Instead they are issued at a discount from par(their value at maturity). The investor’ s yield comes from the increase in the value of the security between the time it was purchased and the time it matures.
Treasury bills are attractive to investors because they are backed by the government and therefore are virtually free of default risk. Because even if the government ran out of money, it could simply print more to pay them off when they mature. The risk of unexpected changes in inflation is also low because of the short term to maturity. The markets for Treasury bills in most developed countries are deep and liquid. A deep market is one with many different buyers and sellers. A liquid market is one in which securities can be bought and sold quickly and with low transaction costs. Investors in markets that are deep and liquid have little risk that they will not be able to sell their securities when they want to. [br] Investors in deep and liquid markets face immense risk that they will not be able to sell their securities when they want to.
选项
A、Right
B、Wrong
C、Doesn’t say
答案
B
解析
最后一句Investors in markets...when they want to。
转载请注明原文地址:http://tihaiku.com/zcyy/4125608.html
相关试题推荐
Tofinancethenationaldebt,thegovernmentissuesavarietyofdebtsecuri
Treasurybillsareissued______.A、bythegovernmenttoraisefundsfromthecomm
Bondisaninterest-bearinggovernmentorcorporatesecuritythatobligatesthe
Thecreditcreatedforinternationalsettlementamongbanksnotonlyprovide
Thecreditcreatedforinternationalsettlementamongbanksnotonlyprovide
Thecreditcreatedforinternationalsettlementamongbanksnotonlyprovide
Thecreditcreatedforinternationalsettlementamongbanksnotonlyprovide
Inthesimplestformofinternationaltrade,theopen-accountbasis,banksa
Inthesimplestformofinternationaltrade,theopen-accountbasis,banksa
Inthesimplestformofinternationaltrade,theopen-accountbasis,banksa
随机试题
[audioFiles]audio_eufm_j01_085(200910)[/audioFiles]A、Heknowswhothewalletbe
Aroundtheworldyoungpeoplearespending【B1】______sumsofmoneytolisten
ThefirstpoeminThelyricalBalladsisColeridge’smasterpiece______.A、KublaK
井冈山地处湖南江西两省交界处,因其辉煌的革命历史被誉为“中国革命红色摇篮”。1927年10月,毛泽东、朱德等老一辈革命家率领中国工农红军来到这里,开展
机体的内环境是指()A.体液 B.细胞内液 C.细胞外液 D.血液
如果有效市场假定成立,下列哪一种说法是正确的?()A.未来事件能够被准确地预测。
为保证手术成功,结肠癌最重要的术前准备是A.了解肿瘤大小 B.了解肿瘤数量
师:此墓志主人的生活具有什么特色?请从墓志中找出自己观点的证据. 生2:墓志主
内部控制中风险评估不包括()。A.内部监督 B.风险识别 C.风险分析
征信服务中心应当在接受异议申请后()个工作日内,向异议申请人或转交异议申请的中
最新回复
(
0
)